ULMS Electronic Module Catalogue |
| The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
| Title | MANAGING FINANCE | ||
| Code | KMGT616 | ||
| Coordinator |
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| Year | CATS Level | Semester | CATS Value |
| Session 2021-22 | Level 7 FHEQ | Whole Session | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
| Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
| Study Hours |
50 100 |
150 | |||||
| Timetable (if known) | |||||||
| Private Study | 0 | ||||||
| TOTAL HOURS | 150 | ||||||
Assessment |
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| EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
| CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
| Assessment 1 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Weeks 2-8 (approx. 5 | 35 | ||||
| Assessment 2 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Weeks 2,4 and 6-8* ( | 25 | ||||
| Assessment 3 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Maximum of 3 in week | 30 | ||||
| Assessment 4 There is a resit opportunity. Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session | Week 8* (approx. 1,0 | 10 | ||||
Aims |
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Provide students with a framework to understand the role and basic principles of accounting and finance in management and business Provide an understanding of the links between accounting and finance and other managerial activity Provide an understanding of the use of accounting and finance information in managerial decision making |
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Learning Outcomes |
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(LO1) Articulate the different roles of financial accounting, management accounting, and financial management, in terms of their use to business |
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(LO2) Understand, critically analyse and interpret budgets and the role of budgeting |
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(LO3) Develop and critically evaluate organisational plans that align incentives and reward to organisational performance |
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(LO4) Apply and critically appraise fundamental techniques of costing and costing systems |
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(LO5) Apply and critically evaluate the uses and drawbacks of alternative investment appraisal techniques in dealing with resource constraints and within the context of a dynamic market place |
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(LO6) Understand and critically evaluate ethical and moral dimensions of strategic financial decision making. |
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(S1) Communication Skills: Students will have opportunities to develop written communication skills through group discussions and coursework. This will be assessed by written assignments, individual work and the dissertation. |
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(S2) Problem Solving and Decision Making: Students will be challenged to think critically about organisational issues and dilemmas. They will do this by gathering and synthesising information, analysing alternative perspectives and options and presenting a considered opinion or programme of action in their course assessment. |
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(S3) Numeracy Skills: Students will learn financial and statistical techniques as part of the Managing Financial Resources and Research Methods modules. |
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(S4) Information and Communication Technology Skills: Students will have opportunities to improve their ICT skills. Students will demonstrate skills in the use of software applications including word processing, visual presentations, data bases, spread sheets and using the internet for information searches in the course of researching and presenting coursework. |
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(S5) Group Working Skills: Some work will require students to work in groups and manage the interaction and relationships with other group members. In doing so, they will gain experience in negotiation, persuasion, influencing and managing conflict |
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(S6) Personal Effectiveness: This applies to all modules where students will be encouraged to think critically about theory and practice and to challenge and critique assumptions about the management of people and organisations. In doing so they will be able to recognise and consider issues such as corporate social responsibility, ethics, diversity, technology and strategy. This will be assessed through attaining the appropriate level of critical engagement with theory and practice in programme assignments. |
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(S7) Time management: This applies to all modules of the programme and is relevant for planning scheduled work and meeting assessment deadlines. This will be evident in the students’ independent management of their assignments and coursework and by meeting coursework deadlines. |
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Teaching and Learning Strategies |
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Teaching Method 1 - Virtual classroom hours (for online modules) Teaching Method 2 - Non-classroom hours (for online modules) |
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Syllabus |
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Indicative topics: · Introduction to accounting and finance · Identifying and analysing costs · Costing and pricing in a competitive environment · Budgeting and accounting for control · Strategic managerial accounting · Capital investment decisions · Measuring and controlling performance · Working capital management |
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Recommended Texts |
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| Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. | |